CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Forum Financial Management LP

Forum Financial Management LP grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 35.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,907 shares of the financial services provider’s stock after buying an additional 1,031 shares during the quarter. Forum Financial Management LP’s holdings in CBRE Group were worth $513,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in CBRE Group by 3.9% in the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock valued at $924,223,000 after buying an additional 277,922 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of CBRE Group during the 3rd quarter valued at approximately $285,000. Wilmington Savings Fund Society FSB bought a new position in CBRE Group during the third quarter worth $2,330,000. Tidal Investments LLC lifted its stake in CBRE Group by 97.4% during the third quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider’s stock worth $1,281,000 after purchasing an additional 5,077 shares during the last quarter. Finally, Synovus Financial Corp boosted its holdings in CBRE Group by 2.9% in the third quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider’s stock worth $1,437,000 after purchasing an additional 330 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

CBRE Group Stock Up 0.2 %

CBRE stock opened at $117.45 on Monday. The firm’s 50-day moving average is $129.97 and its two-hundred day moving average is $132.11. The company has a market capitalization of $35.22 billion, a price-to-earnings ratio of 37.41 and a beta of 1.26. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Evercore ISI reduced their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. UBS Group lowered their price objective on CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods cut their target price on CBRE Group from $145.00 to $129.00 and set a “market perform” rating on the stock in a research note on Thursday. Finally, Morgan Stanley upped their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $149.56.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.